WCF Offices Closed
WCF branch offices will be closed on Monday, September 1, 2025 in observance of Labor Day. All transactions conducted after the close of business on Friday, August 29th will post on Tuesday, September 2nd. Our offices will be resume normal business hours on Tuesday, September 2nd.
Webster City Branch Hours Changing
On September 1, 2025 the Webster City branch hours will be changing. Please see below on the home page for details. The Independence and Tama branch hours will remain the same.
As we move into April, perhaps the last thing on your mind is contributing to your Individual Retirement Account (IRA). I’d suggest this is something you should be thinking about right now.
Keep in mind that the deadline for making contributions to your 2021 IRA is Monday, April 18. That’s right – you can still contribute and classify those dollars as a prior-year deposit until the federal income tax return filing deadline – and you may receive a tax deduction for doing so (provided that you are eligible for the deduction; be sure to consult your tax advisor for details). Be aware that while you may request an extension for filing your tax returns, there is no such extension for the prior-year IRA contribution.
Annual IRA contribution limits are $6,000 with an extra $1,000 “catch up” provision allowed for those age 50 and older. Those limits are in place for both the 2021 and 2022 tax years.
Here’s another suggestion - make sure your financial institution understands what year your contribution is to be classified. In reality you can make either or both of your 2021 and 2022 contributions between January 1 and April 18. Therefore, it’s imperative that you make your intentions known, so that your contribution is correctly processed.
